ILG (ILG) Rating Lowered to Hold at Zacks Investment Research

Zacks Investment Research cut shares of ILG (NASDAQ:ILG) from a buy rating to a hold rating in a report released on Tuesday, January 9th.

According to Zacks, “ILG, Inc. offers owners, members and guests benefits and services, as well as destinations through its portfolio of resorts and clubs. The company’s operating businesses include Aqua-Aston Hospitality, Hyatt Vacation Ownership, Interval International, Trading Places International, Vacation Resorts International, VRI Europe and Vistana Signature Experiences. ILG, Inc., formerly known as Interval Leisure Group Inc., is headquartered in Miami, Florida. “

ILG has been the topic of several other research reports. BidaskClub raised shares of ILG from a sell rating to a hold rating in a research note on Wednesday, September 13th. Nomura began coverage on shares of ILG in a research note on Friday, October 6th. They set a buy rating and a $35.00 price objective on the stock. Instinet began coverage on shares of ILG in a report on Friday, October 6th. They issued a buy rating and a $35.00 target price for the company. Oppenheimer lifted their target price on shares of ILG from $29.00 to $32.00 and gave the stock an outperform rating in a report on Wednesday, November 8th. Finally, SunTrust Banks reaffirmed a buy rating and issued a $30.00 target price on shares of ILG in a report on Friday, November 10th. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus target price of $32.00.

ILG (ILG) opened at $30.54 on Tuesday. The company has a market cap of $3,750.00, a price-to-earnings ratio of 30.24 and a beta of 1.55. ILG has a 52-week low of $18.06 and a 52-week high of $31.98. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.75 and a quick ratio of 1.07.

ILG (NASDAQ:ILG) last released its quarterly earnings data on Tuesday, November 7th. The business services provider reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.01). The firm had revenue of $446.00 million during the quarter, compared to analysts’ expectations of $429.56 million. ILG had a net margin of 7.04% and a return on equity of 10.46%. ILG’s revenue was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.39 EPS. analysts forecast that ILG will post 1.13 earnings per share for the current year.

Hedge funds have recently made changes to their positions in the business. Voya Investment Management LLC increased its holdings in ILG by 12.8% during the second quarter. Voya Investment Management LLC now owns 53,119 shares of the business services provider’s stock valued at $1,460,000 after buying an additional 6,028 shares during the last quarter. TIAA CREF Investment Management LLC increased its holdings in ILG by 13.9% during the second quarter. TIAA CREF Investment Management LLC now owns 1,983,549 shares of the business services provider’s stock valued at $54,528,000 after buying an additional 241,774 shares during the last quarter. Assenagon Asset Management S.A. purchased a new stake in ILG during the third quarter valued at approximately $20,235,000. Neuberger Berman Group LLC purchased a new stake in ILG during the second quarter valued at approximately $5,941,000. Finally, Balyasny Asset Management LLC increased its holdings in ILG by 688.8% during the second quarter. Balyasny Asset Management LLC now owns 149,881 shares of the business services provider’s stock valued at $4,120,000 after buying an additional 130,881 shares during the last quarter. 80.21% of the stock is owned by institutional investors and hedge funds.

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ILG Company Profile

ILG, Inc, formerly Interval Leisure Group, Inc, is a provider of professionally delivered vacation experiences. The Company is a global licensee for the Hyatt, Westin and Sheraton brands in vacation ownership. The Company operates through two segments: Exchange and Rental, and Vacation Ownership. Its Exchange and Rental segment offers access to vacation accommodations and other travel-related transactions and services to leisure travelers, by providing vacation exchange services and vacation rental, working with resort developers and operating vacation rental properties.

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